(For more retail coverage, click GlobeSt.com/RETAIL and to read more on themultifamily market, click here.)
LOS ANGELES-MJW Investments has placed its 23-acre,1.8-million-sf former Sears Distribution Center in Boyle Heights onthe market, offering a rare opportunity for developers to acquire asite of such size so close to Downtown. City officials havedesignated the site of the Downtown L.A. landmark for up to $450million in redevelopment.
The East Los Angeles site of the 1920s-era Sears distributioncenter, visible to thousands of drivers passing by on freewaysdaily, has been designated for development that could includecondominiums, apartments and 660,000 sf of stores, offices andrestaurant space. The site is mostly vacant except for a Searsretail store and auto center.
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